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Updated over 10 years ago on . Most recent reply
financing past your 10 fannie backed loans?
So I currently have 9 Fannie backed loans, saving the 10th for second home or something....
Where do I find more leverage? I have heard of portfolio loans and LOC, but I have found none available, well except for really hard money loans. I would love to have like a 60-70% ltv LOC or get a 10-30 yr loan at 60-70% LTV with under 7% interest but I have found nothing. I guess Wells Fargo used to do LOCs but no more. I have called many small banks with no success. I am in the Sacramento area and the cap rates are to low so I am looking to invest out of state, probably in the southeast, Florida is looking like the next target.
I just bought a home cash in MS, it will cash flow and return great but I would rather buy 4-5 properties with leverage than 2 cash.